New East New Materials Co.Ltd(603110)
About using some idle self owned funds for cash management and redemption at maturity
And continue the announcement of cash management
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
Entrusted financial management trustee: Bank Of Ningbo Co.Ltd(002142) (hereinafter referred to as " Bank Of Ningbo Co.Ltd(002142) ")
Amount of entrusted financial management: 55 million yuan
Name of entrusted financial product: unit structured deposit
Term of entrusted financial management: 86 days (from January 17, 2022 to April 13, 2022)
Deliberation procedures: the proposal of using temporarily idle self owned funds to purchase financial products was deliberated and adopted at the 8th meeting of the 4th board of directors of New East New Materials Co.Ltd(603110) (hereinafter referred to as "the company").
1、 Previous use of some idle self owned funds for cash management and redemption at maturity
On September 28, 2021, New Oriental ink Co., Ltd., a wholly-owned subsidiary of the company, signed the unit structured deposit product agreement with Bank Of Ningbo Co.Ltd(002142) (hereinafter referred to as " Bank Of Ningbo Co.Ltd(002142) "), and purchased Bank Of Ningbo Co.Ltd(002142) structured deposit financial products with temporarily idle self owned funds of 40 million yuan, For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) published by the company on September 29, 2021 Announcement on using idle self owned funds for entrusted financial management (2021-056). The financial product was redeemed on December 29, 2021. The details are as follows:
Trustee's product amount income type expected annualized redemption amount interest name (10000 yuan) type collection rate date (10000 yuan) (10000 yuan)
Bank Of Ningbo Co.Ltd(002142) bank factoring principal floating 3.80% or December 2021
Joint stock limited financial products 4000 movable income 1.00% March 29 4000 37.48 company type
2、 Overview of entrusted financial management
(I) purpose of entrusted financial management
Make rational use of its own funds, improve the use efficiency of the company's idle own funds, and create more return on investment for the company and shareholders.
(II) source of funds: self owned funds
(III) basic information of entrusted financial products
Name of the entrusted party product type product name amount (RMB 10000) expected annualized expected return amount rate of return (RMB 10000)
Bank Of Ningbo Co.Ltd(002142) unit structure of joint stock bank financial products 5500 1.00% - 3.40%/
Limited company deposit
Product term return type structured arrangement refers to whether the annualized expected return constitutes a rate of return related party transaction
86 day breakeven floating income / / no
type
(IV) the company's internal control over risks related to entrusted financial management
1. The amount, term, investment variety, rights and obligations of both parties and legal liabilities of investment products shall be specified.
2. The company will analyze and track the net value change of the product in real time. If it is found that there are risk factors that may affect the capital safety of the wealth management company, the company will take corresponding measures in time to control the investment risk.
3. The internal audit department shall supervise the use and custody of financial funds on a daily basis and audit and verify the use of funds from time to time.
4. Independent directors will inspect the use of financial funds.
5. The board of supervisors of the company will supervise and inspect the use of financial funds.
6. The company will disclose the investment products and relevant profits and losses during the reporting period in accordance with the relevant provisions of Shanghai Stock Exchange.
3、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract
New Oriental ink Co., Ltd., a wholly-owned subsidiary of the company, signed the unit structured deposit product agreement with Bank Of Ningbo Co.Ltd(002142) , as follows:
1. Product Name: unit structured deposit product
2. Entrusted financial management amount: 55 million yuan
3. Value date: January 17, 2022
4. Maturity date: April 13, 2022
5. Estimated annualized rate of return: 1.00% - 3.40%
6. Payment method: direct transfer according to the contract
7. Contract signing date: January 14, 2022
8. Whether performance security is required: no
9. Financial management fee: None
(II) investment direction of entrusted financial management funds
The funds entrusted by the company for financial management are invested in Bank Of Ningbo Co.Ltd(002142) breakeven floating income financial products.
(III) risk control analysis
The financial products purchased this time are low-risk unit structured deposit financial products, and the trustee is Bank of Ningbo
Bank, a listed financial institution. The company believes that the risk is low and it is suitable to use its own funds that are temporarily idle
investment.
4、 Information of entrusted financial management trustee
(I) basic information of the trustee
Whether the major shareholders of the statutory registered capital at the time of establishment are the main businesses under this name
Special for inter representative (RMB 10000) inter controller transactions
Absorbing public deposits; Issue short-term and medium-term
Term and long-term loans; Handle Chinese settlement
Calculate; Handle bill discount; Issuing Finance
Bonds; Agent issuance, agent cashing
Underwriting government bonds; Buying and selling government bonds Ningbo Development Investment
Coupons; Engage in interbank lending; Engaged in Banking Group Co., Ltd
Ningbo silver card business; Provide guarantee; Agent collection and payment of Ningxing (Ningbo) capital
The bank's share payment and agency insurance business in 1997; Property Guarantee Management Co., Ltd
On April 10, Lu Huayu 600801.6286 pipe box business of the company limited; Handle local finance and credit department and overseas Chinese in Singapore No
Entrusted loan industry Bank Co., Ltd. for the daily working capital of the company
Service; Foreign exchange deposits, loans and remittances; Youngor Group Co.Ltd(600177) group shares
Foreign currency exchange; International settlement, foreign exchange settlement and Share Co., Ltd
Selling foreign exchange; Interbank foreign exchange borrowing; Foreign currency bill
Acceptance and discount according to the contract; Foreign exchange guarantee;
The Bank Of China Limited(601988) industry supervision and administration organization
The people's Bank of China and the State Administration of foreign exchange
Other businesses approved by the administrative organ.
(II) description of association relationship
There is no real estate relationship between Bank Of Ningbo Co.Ltd(002142) and the company, the controlling shareholder of the company, the person acting in concert and the actual controller
Rights, business, assets, creditor's rights, debts, personnel and other related relationships.
(III) due diligence of the board of directors
The board of directors of the company believes that the trustee Bank Of Ningbo Co.Ltd(002142) of this financial management is a listed financial institution with sufficient funds, good credit and strong transaction performance ability.
5、 Impact on the company
The main financial indicators of the company in the latest year and period are as follows:
Unit: RMB
December 31, 2020 September 30, 2021
Total assets 782978633.44 816633566.79
Net assets attributable to shareholders of listed companies 627907929.53 688199857.19
Net cash flow from operating activities 77838470.53 6639834.97
The company will adhere to the principles of standardized operation, value preservation and appreciation, prudent investment and risk prevention. Under the condition of ensuring the normal production and operation of the company, the use of temporarily idle self owned funds for entrusted financial management is conducive to revitalizing idle funds, improving the use efficiency and income of idle funds, further improving the overall income of the company and seeking more investment returns for the shareholders of the company.
As of September 30, 2021, the monetary capital of the company was 177413997.87 yuan, and the amount paid for the purchase of financial products was 55 million yuan, accounting for 31.00% of the monetary capital at the end of the latest period, which will not have a significant impact on the company's future main business, financial status, operating results and cash flow.
6、 Risk tips
Although the principal guaranteed floating income bank financial products purchased by the company this time belong to low-risk investment varieties, the financial market has certain volatility under the influence of macro-economy, and it is not excluded that the investment is affected by market fluctuations. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable.
7、 Implementation of decision-making procedures and opinions of independent directors
The company held the 8th meeting of the 4th board of directors on April 27, 2021, deliberated and approved the proposal on using idle self owned funds for financial management, and planned to use idle self owned funds of no more than 200 million yuan (including 50 million yuan used in the previous period) for financial management, The funds within the above quota can be used on a rolling basis within 24 months from the date of deliberation and approval by the board of directors. The independent directors of the company expressed their consent to the financial management proposal.
For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the announcement on using idle self owned funds for financial management (No.: 2021-018) disclosed on faphi media.
8、 As of the date of this announcement, the company has used its own funds for entrusted financial management in the past 12 months
Amount: 10000 yuan
Unrecovered serial number financial product type actual investment amount actual recovered principal actual income
Principal amount
1 trust financial management 5000 0 168.51
